Hello,
I just installed a MyBookLive and in Windows 8 I configured File History to \MYBOOKLIVE\TimeMachine\MyFiles, it says that it is backing up 893GB but my PC has only a 500GB hard drive, and actually only 200GB of data I want to back up.
I guess I am doing something completely wrong, I just want to have a backup of my files in the WD MyBookLive, and I want it to update if I change files (dropbox-like).
Thanks for your help.